Notably, this is the first time since the FY2010 annual report that the SGX chairman has issued a separate letter from the CEO of the exchange. The FY2024 annual report comes a month after the Monetary Authority of Singapore launched an equities market review group, which will propose ways to stem a series of delistings here and revive the listing venue.
It is “evident” that the Singapore Exchange (SGX:S68
) ’s cash equities business “needs more work”, according to SGX Group chairman Koh Boon Hwee.
In a letter to shareholders from the bourse operator’s latest annual report, released Sept 16, Koh writes: “Some may argue that the stock market is only one aspect of our financial ecosystem, but it is more like a pillar. And we should recognise that if this one pillar were to falter, the whole is put at risk.”
